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Lot 14 Click here for addendum

Freehold Commercial Investment – Gross Yield 9.9%
6 Week Completion

Situation

Located close to the junction with George Street in the heart of the town centre, adjacent to The Original Factory Shop and amongst such multiples as Greggs, Heron Foods, Shoezone, Card Factory, Boots, Co-Operative Food and a host of local retailers.
Mablethorpe is a popular seaside town and tourist resort located approximately 33 miles east of Lincoln and 27 miles north of Boston.

Property

A predominantly detached building comprising a 116 'Deep Ground Floor Shop with separate front access to a First Floor.
In addition, the property includes separate front access to an ATM Cash Machine & Room plus an 870 sq ft Front Forecourt.

VAT is NOT applicable to this Lot

FREEHOLD

Planning

Planning Permission (lapsed) was granted on 29th April 2016 by East Lindsey District Council for ‘Change of use and conversion of existing first floor gym currently used under Class D…. to provide 2 no. flats'. Ref: N/110/00420/16.

Click here to view the Planning Documents.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

41 High Street, Mablethorpe, Lincolnshire LN12 1AX